As we approach 1 July 2022, a number of the key financial thresholds relating to employees will increase. We have prepared a handy key thresholds table for the 2022/2023 financial year .
Award minimum wages will rise by 4.6 percent, subject to a minimum rise of AU$40 per week for full time employees. Most awards will increase from 1 July 2022, where the Fair Work Commission has deemed there to be exceptional circumstances, will increase from 1 October 2022.
The Fair Work Commission (FWC) has increased Australia s minimum wage by 5.2 per cent to "protect the real value of the wage of the lowest paid workers".
The national minimum wage will be increased by 5.2 per cent, while those on award rates will see a 4.6 per cent rise. But because inflation is at 5.1 per cent, the wage hike means less to some workers.
National minimum wage to rise in July, but inflation rate leads to cut in real wages for workers on awards - 15-Jun-2022 nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.